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Royal Dutch Shell said Friday it is selling its Australian gasoline stations and refinery to energy trader Vitol Group for 2.9 billion Australian dollars ($2.6 billion).

Fishermen Reject Shell's $50M Oil Spill Payout

June 23, 2014 10:58 am | by MICHELLE FAUL, Associated Press | News | Comments

Thousands of Nigerian fishermen have rejected an offer of $50 million from Royal Dutch Shell for "some of the largest oil spills in history," their British lawyers said after winning a landmark court ruling.                  

U.S. Rig Count On The Rise

June 23, 2014 10:54 am | by Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by four this week to 1,858.                                       

7,500 Gallons Of Oil Spill Into The Colorado River

June 23, 2014 10:52 am | by Associated Press | News | Comments

A storage tank damaged by floodwaters dumped 7,500 gallons of crude oil into the Poudre River near Windsor in northern Colorado, slickening vegetation a quarter-mile downstream, but apparently not affecting any drinking water, state officials said Friday.

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Fracking In A National Park

June 23, 2014 10:48 am | by JOSH WOOD, Associated Press | News | Comments

Today, the resurgent American oil industry is tapping into this rugged landscape, so the vistas that soothed Roosevelt's grief and helped instill his zeal for conservation now include oil rigs and flares used to burn off natural gas that comes to the surface. 

HSU Receives $5.8M Grant For Biomass Research

June 19, 2014 1:36 pm | by Humboldt State University | News | Comments

Humboldt State University, along with 15 regional partners, has received a $5.88 million grant from the U.S. Department of Energy to conduct innovative biomass research.                          

Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth

ExxonMobil Begins Multi-Billion Dollar Expansion In Texas

June 19, 2014 1:33 pm | by ExxonMobil | News | Comments

ExxonMobil Chemical Company announced that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu.                  

Texas Gas Town Considers Banning Fracking

June 19, 2014 12:53 pm | by EMILY SCHMALL, Associated Press | News | Comments

For more than a decade, Denton has drawn its lifeblood from the huge gas reserves that lie beneath its streets. The gas fields have produced a billion dollars in mineral wealth and pumped more than $30 million into city bank accounts. But this former farming center north of Dallas is considering a revolt.

Great Lakes Mayors Call For Tougher Oil Shipment Rules

June 19, 2014 12:47 pm | by Associated Press | News | Comments

An organization representing mayors of cities in the Great Lakes region says the U.S. and Canada should do more to protect the environment from oil spills.                      

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Violence Breaks Out At Oil Refinery

June 18, 2014 4:26 pm | by SAMEER N. YACOUB, QASSIM ABDUL-ZAHRA, Associated Press | News | Comments

Iraqi security forces battled insurgents targeting the country's main oil refinery and said they regained partial control of a city near the Syrian border, trying to blunt a weeklong offensive by Sunni militants who diplomats fear may have also seized some 100 foreign workers.

Montana Will Release Oil Train Details

June 18, 2014 4:20 pm | by MATTHEW BROWN, Associated Press | News | Comments

Montana officials said they intend to release details next week on the frequency of oil trains passing through the state, despite efforts by railroads to keep the information from the public after a string of fiery accidents raised safety concerns. 

Washington Residents Rail Against Oil Shipments

June 18, 2014 10:27 am | by NICHOLAS K. GERANIOS, Associated Press | News | Comments

Numerous speakers told a state Senate committee that they oppose the rapid increase in railcars carrying crude oil from the Bakken fields of North Dakota and Montana through the state.                                  

California Releases Revised Fracking Regulations

June 17, 2014 4:38 pm | by Associated Press | News | Comments

California oil regulators have released updated rules governing well stimulation jobs including hydraulic fracturing. The revisions are a continuation of the draft rules released last year.                          

North Dakota Now Produces 1M Barrels Of Oil A Day

June 17, 2014 4:37 pm | by Associated Press | News | Comments

North Dakota is now producing 1 million barrels of oil per day, with a large part of the credit due to the rich Bakken shale formation in the western part of the state.                        

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Court Sides With Minnesota Frack Sand Mine

June 17, 2014 1:39 pm | by Associated Press | News | Comments

The Minnesota Court of Appeals has turned back a challenge to Winona County newest frack sand mine. Twelve residents challenged the county board's approval for a condition use permit for the 19-acre sand mine in Saratoga Township.                      

Royal Dutch Shell said Friday it is selling its Australian gasoline stations and refinery to energy trader Vitol Group for 2.9 billion Australian dollars ($2.6 billion).

Shell Sells $5B Stake In Woodside

June 17, 2014 10:01 am | by Associated Press | News | Comments

Royal Dutch Shell PLC says it is selling a 19 percent stake in Australia's Woodside Petroleum Limited, worth around $5 billion.                                       

Pipeline Shares Skyrocket After Natural Gas Processor Purchase

June 16, 2014 2:58 pm | by Associated Press | News | Comments

Shares of Williams Cos. hit an all-time high Monday after the pipeline operator agreed to buy a part of natural gas processor Access Midstream Partners LP for nearly $6 billion.                               

"Big Oil" Lawsuit Issues Linger In Lousiana

June 16, 2014 11:21 am | by KEVIN McGILL, Associated Press | News | Comments

Legislation aimed at killing a south Louisiana flood board's lawsuit against the oil and gas industry has been passed and signed into law, but nothing is settled yet — including the future membership of the flood board itself.                

Feds Inspecting Less Than Half Of High-Risk Wells

June 16, 2014 11:15 am | by HOPE YEN, THOMAS PEIPERT, Associated Press | News | Comments

Four in 10 new oil and gas wells near national forests and fragile watersheds or otherwise identified as higher pollution risks escape federal inspection, unchecked by an agency struggling to keep pace with America's drilling boom, according to review that shows wide state-by-state disparities in safety checks.

Oilfield Company Leaves Switzerland Over Pay Rules

June 16, 2014 11:10 am | by Associated Press | News | Comments

The oilfield services company Weatherford International Ltd. says shareholders have approved a move from Switzerland to Ireland.                                       

U.S. Crude Exports At Highest Level In 15 Years

June 16, 2014 10:52 am | by U.S. Energy Information Administration | News | Comments

The United States exported 268,000 barrels per day (b/d) of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years.                              

Judge Backs Alberta Clipper Pipeline Expansion

June 13, 2014 10:20 am | by Associated Press | News | Comments

An administrative law judge recommended that Minnesota regulators approve an expansion of Enbridge Energy's Alberta Clipper crude oil pipeline across northern Minnesota.                         

Washington Governor Wants Agencies Studying Oil Train Risks

June 13, 2014 10:17 am | by Associated Press | News | Comments

Citing new safety and environmental risks as more crude oil moves by train through Washington, Gov. Jay Inslee directed state agencies to evaluate the safety of oil transport in the state.                       

Dept. Of The Interior Seeks Over $500K From Gas Developer

June 13, 2014 10:08 am | by MEAD GRUVER, Associated Press | News | Comments

The Interior Department office that oversees revenue collection from oil and gas leases announced that it is seeking a $533,520 civil penalty against a gas developer the agency said failed to report production on federal leases in northeast Wyoming.

Judge Orders New Trial For Ex-BP Engineer

June 13, 2014 10:05 am | by KEVIN McGILL, Associated Press | News | Comments

U.S. District Judge Stanwood Duval threw out Kurt Mix's obstruction-of-justice conviction, saying that remarks a jury forewoman overheard outside of the courtroom influenced the verdict.                           

Scientists Still Finding Deepwater Horizon Oil On Shore

June 13, 2014 9:47 am | by Bigelow Laboratory for Ocean Sciences | News | Comments

Years after the 2010 Deepwater Horizon Oil spill, oil continues to wash ashore as oil-soaked "sand patties," and questions remain about how much oil has been deposited on the seafloor.                             

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